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Brian Austin Green -- Trouble on the Home Front

2/12/2010 2:10 AM PST BY TMZ STAFF

Brian Austin Green is more than $70,000 behind on mortgage payments for his home in the Hollywood Hills -- but according to his rep, it's all part of a calculated real estate move.



SunTrust Mortgage, INC has filed legal papers in Los Angeles which show Green owes $71,251.42 as of January 26, 2010. The docs show Green took out a $2,000,000 mortgage with the company in 2006.

According to the docs, SunTrust has begun the foreclosure process and has the right to put the house up for auction if Brian doesn't fork over the green.

But Green's rep says Brian has worked out a deal to get rid of the house in a "short sale" -- which means SunTrust will allow Green to try and sell the house for less than he owes in order to recover as much money as it can ... subject to the bank's approval.

It's unclear if the mortgage company imposed a deadline on the sale.

35 COMMENTS

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1.

Deb    

I don't blame him! SunTrust has ef'ed me up too! I am letting my house go into foreclosure. It is just easier than dealing with those idiots!

1690 days ago
2.

sonya    

9021-no more.Maybe Megan will give him a loan.

1715 days ago
3.

Sup it up    

ass

1715 days ago
4.

Brian    

he ran out of money when they screwed him over and didn't return his awesome Terminator tv series to cable. All the dumb sh-t that's on tv and we cant have Terminator??? WTF

1715 days ago
5.

Buck Farack    

Somebody give the poor guy a guest-star role and help him out.

1715 days ago
6.

hop on top    

He could get more for it if he included Megan Fox in the deal.

1715 days ago
7.

Carl    

Umm... everyone who falls behind and is about to face foreclosure tries to do a short sale. I'm not sure how this is a calculated move, especially since the banks are very mysterious about how much they will actually accept in a short sale and they take so long to do the agreement that many buyers will walk away.

1715 days ago
8.

JLS    

Everybody is in trouble financially these days. Everybody! Terrible remnant of the worst Republican coup in my almost 60 years of living.

1715 days ago
9.

Ricky    

Wait... Don't you still have to pay the balance of the short sale? And wouldn't the bank go after him anyway since he may have the means to pay for this?

Something feels wrong about this.

1714 days ago
10.

sabrene    

a short sale is a legitimate step in avoiding foreclosure. when a bank does not agree to a loan modification, sometimes a short sale is the next best step. i fail to see what is calculated here.

1714 days ago
11.

Rather be an Athiest    

Why do these Hollywood types always buy homes beyond their means? Their credit must suck.

1714 days ago
12.

NikkiWest    

Get out of Debt fast! Recession proof Income
http://bit.ly/ezcashforyou

1714 days ago
13.

Frank    

Hey Silver, we need some silver!!!

1714 days ago
14.

Ernie    

Hey Megan this guy is a dead beat and he wants you to lend him the money.
Don't do it you'll be sorry if you do. Your best bet is to dump this guy like a bad habit. You should tell this guy to hit the road before the road hits him. The next guy you meet have someone do a Financial check to see if the guy is solvent. The guy your with is a dead beat.

1714 days ago
15.

kim kelly    

I wonder if Brian had to fill out the pages and pages of "hardship proof", back pay stubs, tax returns, etc. etc. that my clients have to fill out..and then MAYBE we'll hear back from the bank to see if they "approve" them for a Short Sale. Bet not...

1714 days ago
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